Property Data Bank, Inc. (4389) AI Stock Analysis

• Market Cap: ¥9.31B
• Dividend Yield: 1.48%
• Average Volume (3M): 5.89K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.36
• Revenue Growth: 17.83%
• EPS Growth: 34.25%
• Country: JP
• Employees: 77
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Application
• EPS (TTM): 15.77
• Shares Outstanding: 11,865,000
• 10 Day Avg. Volume: 6,740
• 30 Day Avg. Volume: 5,886
• PEG Ratio: 0.06
• Price to Book (P/B): 1.05
• Price to Sales (P/S): 1.22
• P/FCF Ratio: 3.31
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 74 Outperform
• Price Target: ¥889.00 ▲(6.72% Upside)
• Action: Reiterated Date: 03/24/26
• Date: Action: Reiterated 03/24/26

The score is driven primarily by strong financial durability and profitability supported by an exceptionally low-debt balance sheet, partially offset by volatility in revenue/free cash flow. Technicals are a meaningful drag given the stock is trading below key moving averages with negative MACD, while valuation is supportive with a moderate P/E and a modest dividend yield.

Positive Factors

Robust revenue growth

A 31.9% year-over-year revenue increase signals strong product-market fit and scalable demand. Durable revenue expansion supports reinvestment in R&D and sales, underpins margin improvement, and provides a multi-quarter runway for organic growth and market-share gains.

Exceptional cash-generation capacity

Very strong free cash flow growth and high cash conversion ratios indicate efficient operations and earnings-to-cash translation. This durable cash profile funds capex, M&A, dividends or buybacks without leverage, reducing financing risk and supporting sustained strategic investment.

Minimal leverage and strong equity base

Almost no financial leverage and a high equity ratio provide balance-sheet resilience and flexibility. The company can withstand macro shocks, pursue opportunistic acquisitions or investments, and preserve credit optionality while delivering solid ROE to shareholders over multiple quarters.

Negative Factors

Small headcount

A compact workforce can constrain product development, customer support, and geographic expansion. Limited bench strength raises execution risk during rapid growth or management turnover and can slow time-to-market for new features, impacting durable competitive positioning.

Modest EPS growth

Relatively low EPS growth versus strong revenue gains suggests potential margin pressure, dilution, or one-off accounting effects. If earnings-per-share expansion lags, shareholder returns and reinvestment capacity may be constrained over the medium term despite top-line strength.

Low trading liquidity

Thin average trading volume limits institutional participation and makes large transactions or capital raises harder and costlier. Lower liquidity can amplify price moves on sizable trades and reduce the pool of long-term strategic investors, affecting financing and shareholder base stability.

Property Data Bank, Inc. Business Overview & Revenue Model

Company Description

Property Data Bank, Inc. provides Internet-based application solutions. It offers cloud and information management services related to the operations and management of assets, facilities, and real estate; and system integration services in relation to cloud services. Property Data Bank, Inc. The company was founded in 2000 and is based in Minato, Japan.

How the Company Makes Money

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Property Data Bank, Inc. Financial Statement Overview

Summary

Strong underlying profitability (healthy gross and net margins) supported by an exceptionally conservative balance sheet with negligible leverage. Operating cash flow exceeds net income, indicating good earnings quality, but revenue and free cash flow show notable year-to-year volatility, reducing predictability.

Income Statement

Profitability is strong for a software application business, with the latest annual period showing ~60% gross margin and ~19% net margin, and operating profitability also healthy. Revenue growth re-accelerated sharply in 2025 (roughly +340% vs. the prior year), following a decline in 2024, which highlights meaningful volatility in the top line. Earnings also rebounded strongly in 2025 versus 2024, but remain below the 2023 net margin peak—suggesting solid underlying economics with some cyclical/project timing risk.

Balance Sheet

The balance sheet is exceptionally conservative: debt is effectively negligible relative to equity (debt-to-equity near zero in 2025), indicating very low financial risk and ample flexibility. Equity and assets have grown over time, supporting resilience. Returns on equity are solid (mid-teens in 2025, higher in 2023), though the step-down from 2023 levels signals profitability can fluctuate even with low leverage.

Cash Flow

Cash generation is generally strong, with operating cash flow exceeding net income in each period shown (about 1.5x in 2025), which supports earnings quality. Free cash flow improved dramatically in 2025 and is nearly in line with net income, but free cash flow has been volatile year-to-year (notably weak in 2024 vs. strong in 2023 and 2025). Overall, the company produces meaningful cash, but conversion to free cash flow appears uneven.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	3.33B	3.32B	2.52B	2.83B	2.25B	2.17B
Gross Profit	1.96B	1.98B	1.41B	1.70B	1.27B	1.07B
EBITDA	1.24B	1.28B	650.86M	1.17B	922.71M	742.32M
Net Income	613.95M	634.46M	298.28M	626.49M	448.88M	350.78M
Balance Sheet
Total Assets	4.72B	4.84B	3.91B	3.98B	3.19B	2.73B
Cash, Cash Equivalents and Short-Term Investments	2.73B	2.67B	1.87B	1.91B	1.39B	1.41B
Total Debt	0.00	204.00K	5.41M	15.53M	25.20M	38.93M
Total Liabilities	882.54M	987.71M	609.79M	917.63M	694.85M	619.06M
Stockholders Equity	3.84B	3.85B	3.30B	3.05B	2.50B	2.11B
Cash Flow
Free Cash Flow	0.00	1.22B	184.48M	613.81M	162.92M	673.12M
Operating Cash Flow	0.00	1.28B	665.32M	790.74M	411.53M	1.03B
Investing Cash Flow	0.00	-355.71M	-561.82M	-195.73M	-352.79M	-386.78M
Financing Cash Flow	0.00	-122.19M	-143.97M	-108.74M	-82.96M	-161.04M

Property Data Bank, Inc. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 833.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4389, the sentiment is Negative. The current price of 833 is above the 20-day moving average (MA) of 828.65, below the 50-day MA of 863.42, and below the 200-day MA of 892.72, indicating a bearish trend. The MACD of -0.57 indicates Negative momentum. The RSI at 42.74 is Neutral, neither overbought nor oversold. The STOCH value of 33.36 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4389.

Property Data Bank, Inc. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4491	82 Outperform	¥5.83B	10.91	―	1.87%	6.18%	29.79%
4389	74 Outperform	¥9.31B	13.21	―	1.48%	17.83%	34.25%
3965	70 Outperform	¥4.66B	10.32	―	2.20%	18.47%	155.94%
4826	70 Outperform	¥31.27B	14.70	―	2.83%	4.51%	75.35%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
5035	50 Neutral	¥2.92B	-14.10	―	0.72%	4.40%	-336.50%
7320	44 Neutral	¥18.10B	8.93	―	0.98%	18.21%	-179.11%